Residential Development Land
For Sale
$88,000
5131 BANGOR St, Detroit, MI 48210
Four residential lots are included for sale near transportation, freeways, and developing areas.
Property SizeContact for details
Lot Size24,485.00 Acres
Days on Market27
Property Features for 5131 BANGOR St
General Information
Standard status
Active
Lot size
24,485.00 Acres
Property subtype
Land
Listing Agency:
Bellabay Realty Tri-Counties
(248) 274-6614
Listed By:
Natasha C Richards · License #6502385914
(248) 274-6614
Source:
Elliman
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 16 at 5:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bellabay Realty Tri-Counties
Investment Insights
Based on property information with market context.
This offering includes four residential land lots in one sale: 5131, 5125, 5137, and 5143 Bangor St. The parcels total 24,485 square feet. The sale is contingent upon a buyer/seller executed development agreement.
The property is described as being close to Corktown, transportation, freeways, and future major developing areas. WalkScore is listed at 64 with some walkability, bikeScore at 82 indicating very bikeable conditions, and transitScore at 41 indicating some transit.
The Detroit Land Bank Authority is entitled to a tax capture for five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements and lot combinations that may otherwise be available, and DLBA will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes based on the development proforma and the impact of any tax abatements on the project financing.
The property is described as being close to Corktown, transportation, freeways, and future major developing areas. WalkScore is listed at 64 with some walkability, bikeScore at 82 indicating very bikeable conditions, and transitScore at 41 indicating some transit.
The Detroit Land Bank Authority is entitled to a tax capture for five tax years following transfer of ownership. The tax capture may be incompatible with tax abatements and lot combinations that may otherwise be available, and DLBA will review requests to waive its tax capture rights, potentially requiring a payment in lieu of taxes based on the development proforma and the impact of any tax abatements on the project financing.
Key Highlights
- Four residential lots included: 5131, 5125, 5137, and 5143 Bangor
- Total lot area: 24,485 sq ft across the four included lots
- Total sale price for all lots: $88,000
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 48210, MI
27,155
Population
10,576
Households
2.6
Avg Household Size
28
Median Age
9%
College-Educated
57%
High-School Grad
4.9 sq mi
ZIP Area
5,542
Density / Sq Mi
$38,900
Median Household Income
$25,220
Median Earnings
$968
Median Rent
$60,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Four residential lots are included for sale near transportation, freeways, and developing areas.
Where is this residential land & home lot located?
The property is located at 5131 BANGOR St Detroit, MI.
What is the asking price?
The asking price for this property is $88,000.
What are key features of this property?
This property features: Four residential lots included: 5131, 5125, 5137, and 5143 Bangor; Total lot area: 24,485 sq ft across the four included lots; Total sale price for all lots: $88,000
